Here is a New York Times article from 2003 in which Dem. Congressman Barney Frank denounced the administrations plan to regulate Fannie and Freddie:
From the last paragraph:
‘These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,’’ said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ‘’The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.’’